Recently, the Crypto Assets market has welcomed an exciting wave of rise, with the performance of Ethereum and Bitcoin being particularly noteworthy, reigniting the market's expectations for a bull run.

Ethereum achieved an astonishing 13% rise in a single day, with its price reaching a recent high of $4,740, making it the brightest star in this wave of increases. Meanwhile, Bitcoin also did not lag behind, rising 4% within 24 hours, with its trading price nearing $116,000. Although it is still some distance away from its historical peak, it continues to show strong upward momentum.

It is worth noting that this wave of rise is not limited to the market leaders. Other major Crypto Assets are also following suit, showing a comprehensive upward trend. For example, XRP rose by 5%, Solana (SOL) rose by 4%, while Binance Coin (BNB) soared by 8%, breaking through $882 and setting a new high.

The catalyst behind this round of market-wide gains is closely related to Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole Economic Symposium. Powell hinted that interest rate cuts may be on the horizon, a signal that immediately triggered investors' enthusiasm for risk assets. A low interest rate environment typically encourages investors to turn to high-risk, high-return assets such as stocks and digital currencies, rather than traditional fixed-income products. Additionally, expectations of interest rate cuts may also lead to a weakening dollar, further enhancing the appeal of Crypto Assets.

As market sentiment gradually turns optimistic, investors begin to envision a new bull run in the fourth quarter. However, despite the market's impressive performance in the short term, investors must remain cautious and closely monitor changes in the global economic landscape and regulatory environment, as well as potential market volatility risks.